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An Addendum To Extend Contract is commonly used when parties wish to continue their contractual relationship beyond the original termination date. Under Singapore law, this document formally extends the contract duration while potentially updating specific terms to reflect current circumstances. It's particularly useful when the original agreement remains satisfactory but requires a longer term. The addendum must reference the original contract, clearly state the extension period, and specify any modifications to existing terms. This approach is more efficient than drafting a new contract and maintains continuity in the business relationship.
